Logistics Automation Market to Observe Prominent CAGR Growth of 10% by 2028, Trends, Demand, Growth, Challenges and Competitive Outlook

''The global logistics automation market is expected to grow at 10 % CAGR from 2019 to 2028. It is expected to reach above USD 103.75 billion by 2028 from USD 44 billion in 2019.''

Exactitude Consultancy research's "Logistics Automation Market Forecast" study report focuses at sales and the overall global market for Logistics Automation in 2022. The sales forecast for Logistics Automation by region and market sector for the years 2023 through 2028 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Logistics Automation market, with sales of Logistics Automation broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Logistics Automation Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Market Overview:

Automation of logistics processes entails integrating hardware, software, and controls to increase their effectiveness. For procurement, production, inventory management, distribution, customer support, and recovery, logistics automation offers better efficiency, control, and organization. A number of automated storage and transportation technologies, including robotic arms, autonomous mobile robots, automated storage and retrieval systems (AS/RS), warehouse management software, and transportation management software, are included in logistics automation systems.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Logistics Automation market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Logistics Automation Market are:

6 River Systems, ABB, BEUMER Group, Blue Yonder, Daifuku, Dematic, E&K Automation, Eyesee (Hardis Group), Falcon Autotech, GreyOrange

Recent Developments:

In January 2023, Jungheinrich acquired the Indiana-based Storage Solutions group (Storage Solutions), a leading provider of racking and warehouse automation solutions in the US to gain enhanced access to the US warehousing and automation.

In October 2022, Supply Sensing, a new generation solution introduced by 09 Solutions, would assist businesses in better anticipating supply disruptions by localizing the impact of macro-level shocks on their particular supply chains and developing mitigating strategies to minimize any negative effects on their operations.

In May 2022, Oracle announced new logistics management capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to oracle fusion cloud transportation management and oracle fusion cloud global trade management can help organizations reduce costs and risks, improve customer experience, and become more adaptable to business disruptions.

In 2021, Honeywell IntelliTrace has partnered with Fetch Robotics. Fetch Robotics has introduced an autonomous mobile robot namely PalletTransport1500 for contactless pallet transportation across distribution centers.

In 2020, Dematic has released the Dematic Multititle (DMS) 2 E. It is the latest version of the company's warehouse automation solution.

Logistics Automation Market Segmentation:

Global Logistics Automation Market by Components, 2019-2028, (In USD Million)

Hardware-Integrated Systems

Software

Warehouse Management System (Wms) Software

Transportation Management System (Tms) Software

Services

Consulting

Implementation

Support And Maintenance

Global Logistics Automation Market by Function, 2019-2028, (In USD Million)

Warehouse And Storage Management

Transportation Management

Global Logistics Automation Market by Size, 2019-2028, (In USD Million)

Smes

Large Enterprises

Global Logistics Automation Market by Vertical, 2019-2028, (In USD Million)

Manufacturing

Healthcare And Pharmaceuticals

Fast-Moving Consumer Goods (Fmcg)

Retail And Ecommerce

3pl

Aerospace And Defense

Oil, Gas, And Energy

Chemicals

Others (Paper And Printing, And Textiles And Clothing)

Global Logistics Automation Market by Region, 2019-2028, (In USD Million)

North America

Europe

Asia Pacific

South America

Middle East And Africa

Important Countries In All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Logistics Automation market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Logistics Automation market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Logistics Automation Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Logistics Automation market
Chapter 2: Exclusive Summary - the basic information of the Logistics Automation Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Logistics Automation
Chapter 4: Presenting the Logistics Automation Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Logistics Automation market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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Automotive trending reports:

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https://www.digitaljournal.com/pr/news/xherald/electric-vehicle-market-size-to-usd-628-billion-by-2029-current-trends-and-industry-analysis

https://www.digitaljournal.com/pr/news/xherald/oilfield-surfactants-market-global-trend-gross-earning-emerging-growth-opportunity-by-2029

https://www.digitaljournal.com/pr/news/xherald/industrial-robots-market-value-of-usd-108-48-billion-by-registering-a-cagr-of-9-6-from-2020-to-2029

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